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Egypt’s Finance Unveils 3 Projects To Be Financed Through Sukuk
The Ministry of Finance has started three projects that will be financed through sukuk which are Ain Shams-10th of…
Islamic Development Bank Signs Finance Contracts Worth US$ 920 Mln With Egypt
The Islamic Development Bank (IDB) plans to provide Egypt with US$ 920 million worth of finances; of which US$ 800…
Egypt FinMin Says Sukuk Crucial Step Towards Sustainable Development
The Egyptian Minister of Finance Fayad Abdel Monem stated that issuing sukuk (Islamic bonds) is an important step…
Bank Muscat Says Mulling Options To Recover Card Fraud Money
Bank Muscat, the main victim of a $45 million global cyber heist, is examining all options to recover the money it…
QNB Says Free Trade Agreement Likely Boost Inter-Arab Trade
THE trade of the 18 countries in the Greater Arab Free Trade Area (GAFTA) grew 11 percent in 2012 to $2.1 trillion,…
Finance Minister To Inaugurate Sukuk Practical Applications Conference Tomorrow
The Egyptian Minister of Finance Fayad Abdel Monem will inaugurate on Sunday the Practical Applications of Sukuk…
CBE Kept Interest Rates Unchanged On Low GDP, Retreating Investment Rates
The Central Bank of Egypt’s (CBE) Monetary Policy Committee has left overnight deposit and lending rates unchanged…
Hyde Park Loan Arrangers Sign Definitive Agreement In Days
The National Bank of Egypt (NBE) has asked other banks to contribute EGP 850 million to the EGP 1.3 billion loan…
Lowering Egypt’s Credit Rating Not To Impact IMF Talks: Ismail Hassan
Downgrading Egypt’s long-term sovereign credit rating from B- to CCC+ and short-term rating from B to C with stable…
Finance Ministry Raises EGP 6.5 Bln In 182-, 357-Day T-Bills
The Egyptian Ministry of Finance has sold 182- and 357-day treasury bills worth EGP 6.5 billion on Thursday. The…
